As several oil disruptions around the world are occurring, OPEC is close to maxing out its production, so prices have risen, but Trump has intervened.

The U.S. Energy Information Administration (EIA) proclaimed on Tuesday that, if its forecasts are correct, the United States will soon be the world’s leading producer of crude oil.

Crude oil prices bounced higher on Friday, as OPEC failed to raise production as much as many feared.

Oil ministers from OPEC and non-OPEC producers are already gathering in Vienna, Austria, in advance of what is touted to be one of the most contentious meetings in recent memory.

OPEC still thinks it has significance in "rebalancing" the world's oil market. U.S. energy producers, on the other hand, keep on producing, regardless.

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